---
schema_version: "secwatch.filing_event.v1"
accession: "0000105132-23-000013"
form_type: "8-K"
ticker: "WDFC"
cik: "0000105132"
company_name: "WD 40 CO"
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T04:54:12.109568+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WD-40 Q2 net income down 15% to $16.5M; diluted EPS $1.21 vs $1.41; updates FY23 guidance

## Summary
- Net sales $130.2M flat YoY; constant currency $135.7M; Americas +15%, EMEA -13%, Asia-Pac -4%.
- Diluted EPS $1.21 vs $1.41; net income $16.5M down 15%; gross margin 50.8% vs 50.4%.
- FY23 guidance: net sales $535-560M, diluted EPS $4.80-$5.00, gross margin 51-52%.
- Quarterly dividend $0.83/share declared, payable April 28 to holders of record April 14.
- Management expects strong H2; March 2023 likely a record sales month (preliminary).

## SEC filing metadata
- accession: 0000105132-23-000013
- form_type: 8-K
- ticker: WDFC
- cik: 0000105132
- company_name: WD 40 CO
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105132/000010513223000013/0000105132-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105132/000010513223000013/wdfc-20230406x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000105132-23-000013
- JSON: https://secwatch.observer/filing/0000105132-23-000013.json
- Plain text: https://secwatch.observer/filing/0000105132-23-000013.txt

## Key facts
- Earnings Releases
  WD 40 CO reported second fiscal quarter ended February 28, 2023 results: revenue $130.2 million, net income $16.5 million, EPS $1.21.
  - Period: second fiscal quarter ended February 28, 2023
  - Revenue: $130.2 million
  - Net income: $16.5 million
  - EPS: $1.21
  - Result: reported results
  source text: results for its second fiscal quarter ended February 28 , 20 2 3 .  Financial Highlights and Summary · Total net sales for the second quarter were relatively constant at $ 130.2 million compared to $130.0 million in the prior year fiscal quarter. Year-to-date total net sales were $ 255.1 million, a decrease of 4 percent compared to the prior year fiscal period
  evidence_url: https://www.sec.gov/Archives/edgar/data/105132/000010513223000013/0000105132-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.